Pigeon, Sumitomo RIN, etc. (additional) Rating

Upgrade - Bullish Code | Company Name | Securities Company | Previous | After Change | ------ | ----------------- | ---------- | --------- | ------------ | <6920> | Laser Tech | Mizuho | "Hold" | "Out Perform" | Downgrade - Bearish Code | Company Name | Securities Company | Previous | After Change | ------ | --------------

Fisco Japan22:50 ET

Japan oracle corp --- significantly rebounded, highly evaluated the significant increase in first quarter earnings.

Marked rebound. The company announced its first quarter financial results the previous day, with an operating profit of 22.2 billion yen, a 20.2% increase compared to the same period last year, which is being well received as a stronger start than expected amid the consensus for single-digit growth in the full-year market. Cloud services are expanding smoothly, and software license sales are also significantly expanding through large contracts. The good results are also expected to lead to increases in dividends and other consensus.

Fisco Japan21:52 ET

Rating [security companies rating]

Downgrade - bearish code | Stock name | Securities company | Before | After | ------|-------------|----------|--------------|--------------| <6920> | Laser tech | Mizuho | "Hold" | "Underperform" | <7211> | Mitsubishi Motors | Morgan Stanley | "Overweight" | "Equal Weight" |

Fisco Japan20:25 ET

September 26th [Today's Investment Strategy]

[FISCO Selected Stocks] [Material Stocks] Asentec <3565> 581 yen (9/25) Engaged in product development related to virtual desktops. Announced a capital business alliance with US CSG, which provides enterprise software solutions. Asentec will allocate 0.7 million shares of common stock to CSG through third-party allotment (holding ratio after third-party allotment increase 5.01%). In order to provide higher quality virtual desktop system construction, engineering resources.

Fisco Japan20:09 ET

9/26 [Strength and Weakness Materials]

[Bullish and Bearish Factors] Bullish factors: Nasdaq Composite Index is rising (18,082.21, +7.68), 1 dollar = 144.50-60 yen, Chicago Nikkei Futures are rising (37,980, +320 compared to Osaka daytime session), SOX Index is rising (5,132.52, +40.75), expectation of easing inflation in the USA, active share buyback, request from the Tokyo Stock Exchange to improve corporate value. Bearish factors: Nikkei Average is declining (37,870.26, -70.33), NY Dow Jones Industrial Average is declining (41,914.75, -293.47).

Fisco Japan20:00 ET

Three key points to focus on in the morning session - identifying the resilience of high-tech stocks while seeking opportunities for dividends.

In the morning session on the 26th, the following three points deserve attention: ■ Focus on the solidness of high-tech stocks and the search for dividend-oriented investments ■ Japan's Oracle, 1Q operating profit increased by 20.2% to 22.1 billion yen ■ Morning focus on Toyota Industries: decarbonization acceleration in the UK, biogas plant construction ■ While confirming the solidness of high-tech stocks and searching for dividend-oriented investments, the Japanese stock market on the 26th started with a buying trend and is likely to be conscious of its stability despite being deadlocked. On the 25th, in the US market, the Dow Jones Industrial Average fell by 293 points, and Nasdaq

Fisco Japan19:54 ET